Op-Ed by Mitchell Nemeth The Internet has provided humanity with so much content that in many ways, we are overloaded with information. Our smartphones are constantly buzzing with notifications about the latest podcast upload or commercial email marketing the newest product at our favorite store. We take this for granted, but it has occurred, in part, because the Internet … [Read more...] about The Hidden Costs of Free Social Media
By Lawrence W. Reed For three hours, the famous “standoff at the schoolhouse door” riveted the country’s attention. Alabama Governor George Wallace physically blocked the entrance to Foster Auditorium at the University of Alabama in Birmingham. His intent was to prevent two students from registering for classes. Why? It had nothing to do with the content of their … [Read more...] about The Golden Rule Is as Golden as Ever
By Allen Gindler If we consider economics to be an objective science, its rules should also have universal significance and use, despite differences in societal order. However, socialists of the materialist camp are committed to the idea that common ownership of the means of production would change the way economic laws unfold under socialism. Basically, they reject the … [Read more...] about Black Markets Reveal the Power of Economic Laws
By Stefan Kløvning A fundamental principle of the Socialist doctrine is that of class antagonism. The bourgeois, or the “rich”, its proponents contend, are necessarily in conflict with the working proletariats as the former seeks to enrich themselves as much as possible at the expense of the latter receiving lower wages than he considers appropriate for his work. Though this … [Read more...] about Five Ways State Interference Leads to Class Antagonism
By Michael Munger What limits should be placed on the ability of individuals to enter into negotiable agreements? It’s tempting to say, “none.” But there are some “agreements” — those reached under duress or in restraint of trade or other rights of third parties — that the state may decline to enforce, or outlaw completely. Presumably, if an exchange is truly voluntary, … [Read more...] about What Does “Voluntary” Actually Mean?